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Assuming that the price of fuel is $5.00/G and is increasing at a rate of 4%/year while the discount rate is 6% calculate the equivalent level zed price over 20 years
Business Economics, Economics
The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.
Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium?
Among 22?- to 27?-year-olds, 32?% say they have called a talk show while under the influence of alcohol. Suppose seven 22 to 27?-year-olds are selected at random. ?(a) What is the probability that at least one has not ca ...
Ads in the boring business magazine are read by 300 lawyers and 1000 MBAs. Ads in the consumer publication are read by 250 lawyers and 300 MBAs. If Harry has $3000 to spend on advertising... If the price of ads in the bo ...
A report claims that for the investment portfolios with a single stock had a standard deviation of 0.57, while the returns for portfolios with 31 stocks have a standard deviation of 0.325. Explain how the standard deviat ...
Suppose the cross-price elasticity of demand between goods X and Y is -4. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?
Maureen has preferences for two goods to be consistent with the utility function. The price of good 1 is $4 each, and the price of good 2 is $12 each. For what incomes will good 1 be normal?
For a population of individuals that has a standard deviation of 10, what is the standard error of the mean for samples of size (a) 2, (b) 3, (c) 4, (d) 5, (e) 10, (f) 20, (g) 100?
University bookstores order books that instructors adopt for the courses. The number of copies order matches the projected the demand. However, at the end of the semester the bookstore has too many copies on hand and mus ...
A is the event that your friend is sick today and B is the event that you pass this test. These events are independent and Not mutually exclusive. Calculate the probability that your friend is sick todayy OR you pass thi ...
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